Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa
60-second summary
Ripple is investing in Flutterwave, valuing the company at $3.2 billion, to integrate its RLUSD stablecoin and XRP Ledger network into Flutterwave's payment platform, expanding cross-border payments across Africa. This move aims to accelerate financial inclusion and digital payments on the continent, leveraging Ripple's technology to enhance Flutterwave's services and reach a wider customer base.
The deal values Flutterwave at $3.2 billion, and will integrate Ripple's RLUSD and the XRP Ledger network to speed cross-border payments across Africa.